27 66th Place Long Beach, CA 90803
Peninsula NeighborhoodEstimated payment $15,173/month
Highlights
- Ocean View
- Across the Road from Lake or Ocean
- No HOA
- Naples Bayside Academy Rated A
- Quartz Countertops
- 5-minute walk to Alamitos Park
About This Home
Discover a rare opportunity on the highly sought-after Long Beach Peninsula with this well maintained four-unit property that combines prime coastal living with exceptional investment potential. Just steps from the sand and perfectly positioned between the Pacific Ocean and Alamitos Bay, residents enjoy Belmont Shore shops, dining, nightlife, kayaking, paddle boarding, sailing, and scenic biking and running paths, all complemented by nearby yacht club.
The building features two upstairs one-bedroom, one-bath units and two downstairs studios, each with a private entrance. Unit 29 B, renovated in 2025, offers a fireplace, ocean view, extended bedroom area ideal for an office or nursery, a balcony overlooking the common area, and a one-car garage (originally two-car, no dividing wall). Unit 27 A, updated in 2024, includes a private garage suitable for small vehicles or motorcycles, while Unit 27 B, updated around 2018, features a fireplace and extensive improvements. Unit 29 B has central heating, while the other units are equipped with mini-split systems. Unit 29 A is ready for some TLC. A detailed list of improvements may be provided upon request.
With major system upgrades, modernized interiors, and reduced deferred maintenance, this property offers strong long-term rental growth potential. It is being sold subject to a 1031 exchange and represents an excellent opportunity for investors seeking both lifestyle and financial rewards. The seller also owns a sister four-unit building at 6514 E Ocean Blvd, Long Beach, and is open to negotiating attractive deals for the purchase of both properties together.
Listing Agent
WSR Real Estate Inc. Brokerage Phone: 951-813-9062 License #01864852 Listed on: 03/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 2,376 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Single Garage Door
- Garage Door Opener
- No Driveway
Property Views
- Ocean
- Neighborhood
Home Design
- Quadruplex
- Entry on the 2nd floor
- Fire Rated Drywall
- Stucco
Interior Spaces
- 2,190 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Window Screens
- Family Room with Fireplace
- Living Room
- Vinyl Flooring
Kitchen
- Gas and Electric Range
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Mirrored Closets Doors
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- No Interior Steps
Outdoor Features
- Balcony
- Exterior Lighting
- Rain Gutters
Location
- Across the Road from Lake or Ocean
- Urban Location
Utilities
- Central Heating
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 8 / 25
- Tax Tract Number 8
- Assessor Parcel Number 7245025008
- $786 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Peninsula Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,323
- Other Expense $23,339
- Professional Management Expense $9,144
- Water Sewer Expense $1,113
- Operating Expense $37,919
- Gross Income $114,923
- Net Operating Income $86,639
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,344 | $1,859,194 | $1,203,008 | $656,186 |
| 2024 | $23,344 | $1,822,740 | $1,179,420 | $643,320 |
| 2023 | $22,952 | $1,787,001 | $1,156,295 | $630,706 |
| 2022 | $21,525 | $1,751,963 | $1,133,623 | $618,340 |
| 2021 | $21,111 | $1,717,612 | $1,111,396 | $606,216 |
| 2020 | $9,676 | $752,277 | $489,063 | $263,214 |
| 2019 | $9,562 | $737,536 | $479,474 | $258,062 |
| 2018 | $9,315 | $723,084 | $470,073 | $253,011 |
| 2016 | $8,573 | $694,604 | $451,820 | $242,784 |
| 2015 | $8,231 | $684,172 | $445,034 | $239,138 |
| 2014 | $8,184 | $670,771 | $436,317 | $234,454 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | For Sale | $2,495,000 | +46.8% | $1,139 / Sq Ft | |
| 06/19/2020 06/19/20 | Sold | $1,700,000 | -4.2% | $690 / Sq Ft | View Prior Sale |
| 01/30/2020 01/30/20 | Pending | -- | -- | -- | |
| 12/09/2019 12/09/19 | Price Changed | $1,775,000 | +2.9% | $721 / Sq Ft | |
| 12/09/2019 12/09/19 | Price Changed | $1,725,000 | -4.2% | $700 / Sq Ft | |
| 10/05/2019 10/05/19 | For Sale | $1,800,000 | -- | $731 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Inland Empire | |
| Grant Deed | -- | Chicago Title Inland Empire | |
| Grant Deed | $1,700,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | -- | Lawyers Title | |
| Individual Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Ltc | |
| Interfamily Deed Transfer | -- | Ltc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | $535,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,101,000 | New Conventional | |
| Previous Owner | $1,050,000 | Commercial | |
| Previous Owner | $550,000 | New Conventional | |
| Previous Owner | $583,000 | New Conventional | |
| Previous Owner | $577,000 | Purchase Money Mortgage | |
| Previous Owner | $560,000 | No Value Available | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $428,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW26062077
APN: 7245-025-008
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.